Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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SPC Group wins GRLC partnership award
SPC Group, a South Korean bakery and confectionary company that operates 60 brands worldwide, received the best partnership of the year award from the Global Restaurant Leadership Conference, a leading global food service conference, the company said Wednesday.The GRLC is the largest conference in the world for the global food service industry, held annually since 2016. SPC is the first Korean recipient of the award, the company added. The conference awards restaurant brands that excel in the gl
Nov. 6, 2019
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Samsung BioLogics seeks partners for Alzheimer’s pipelines
FRANKFURT, Germany -- South Korea’s Samsung BioLogics is upbeat with the addition of a biosafety testing service to its portfolio and is seeking partnerships with companies developing therapies for Alzheimer’s disease.“We have already contacted over 20 companies that may reignite their Alzheimer’s drug pipeline after Biogen’s possible aducanumab approval in the US on Dec. 5,” Samsung BioLogics Senior Vice President and global head of Business Development James
Nov. 6, 2019
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Coffee shops full to brim in Korea
While coffee outlets remain one of the most popular self-owned businesses in South Korea, one out of 10 of them suffer from losses, according to a new report Wednesday. According to KB Financial Group’s report on self-employed workers here, about 71,000 coffee shops were in operation nationwide as of July. Among them, 14,000 places opened last year, as per the data from the Ministry of the Interior and Safety.The number of coffee shops has increased significantly between 2011 and 2016 with
Nov. 6, 2019
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Korea Airports Corp. submits final proposal for Manta airport in Ecuador
South Korean airport operator Korea Airports Corp. said Wednesday it submitted the final proposal for the operation of an airport in Manta, Ecuador, on Monday, after wrapping up a preliminary site survey and working-level discussions.Manta is located in the capital of Quito, a popular vacation city responsible for about 10 percent of the country’s economy. KAC has been selected as the preferred bidder to renovate, expand and operate the airport for 30 years. The airport had suffered d
Nov. 6, 2019
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Asiana boosts competitiveness ahead of stake sale
Asiana Airlines said Wednesday it has been bolstering its competitiveness and rolling out cost-cutting measures ahead of selling its controlling 31 percent stake.With the recovery of passenger traffic on its Chinese routes, Asiana is hoping to see a rebound in its earnings. About 578,000 Chinese tourists visited South Korea in August, increasing to the level before the conflict between Seoul and Beijing on the THAAD missile defense system in 2017. The carrier has also appointed separate managers
Nov. 6, 2019
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Asiana helps children in Vietnam with volunteer day
Full-service air carrier Asiana Airlines said Wednesday that it took part in charity work at a child care center in Ho Chi Minh City, Vietnam, Tuesday, as part of its ongoing corporate social responsibility activities to assist children from low-income families. The South Korean air carrier said a volunteer team made up of Asiana employees visited the Thao Nguyen Xanh Center, a child care facility in the Vietnamese city, along with Communication Executive Director Cho Young-seok, UNICEF&rsq
Nov. 6, 2019
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Samsung vice chairman meets AI gurus to discuss future
Samsung Electronics vice chairman on Wednesday met with two leading experts in artificial intelligence to share the latest industry trends and strategies for future businesses, the company said. Lee Jae-yong, de facto chairman of the South Korean tech giant, met with Yoshua Bengio, professor of the University of Montreal, and Sebastian Seung, professor at the Princeton Neuroscience Institute and Department of Computer Science, who were in Seoul to attend Samsung's AI forum held early this week.&
Nov. 6, 2019
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Hyundai Oilbank to run oil terminal in Vietnam
Hyundai Oilbank Co., a major refiner in South Korea, said Wednesday it will run an oil terminal in Vietnam to tap deeper into the Southeast Asian market. The affiliate of Hyundai Heavy Industries Group said it has leased an oil depot in Ba Ria-Vung Tau, some 80 kilometers southeast of Ho Chi Minh City, that can store 200,000 barrels of petroleum products. The facility can also accommodate large crude carriers, it added. Hyundai Oilbank said the terminal will serve as its export hub f
Nov. 6, 2019
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NCSOFT's new 'Lineage 2M' to launch Nov. 27
South Korean online gamemaker NCSOFT Corp. said Wednesday the new mobile version of its mega-hit game "Lineage 2" will be launched later this month."Lineage 2M" will be available Nov. 27, the company said.Players will be able to experience the massively multiplayer online role-playing game for the mobile platform."Lineage 2M," which integrates NCSOFT's technology and expertise built over the past 20 years, will feature full 3-D graphics.NCSOFT said over 7 million pe
Nov. 6, 2019
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Hanjin Heavy to build S. Korea's 1st very large oil spill response vessel
Hanjin Heavy Industries & Construction Co., a midsized shipyard in South Korea, said Wednesday it has won a 70-billion-won ($60 million) order to build the country's first multi-purpose very large oil spill response vessel. Under the deal with state-run Korea Marine Environment Management Corporation, Hanjin Heavy will deliver a 5,000-ton OSRV by 2022. The vessel will be built at the company's shipyard in Busan. South Korea has more than 60 500-ton OSRVs, but due to their small size, t
Nov. 6, 2019
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[News Focus] What RCEP deal means to South Korea
The trade megadeal among 15 Asia-Pacific countries can be expected to provide South Korean exporters with new opportunities to enter fast-growing and promising markets in Southeast Asia and lay the foundation for a future trade bloc consisting of Korea, Japan and China, according to experts. After seven years of negotiations, the leaders of 15 nations reached agreement on Monday on all 20 chapters of the Regional Comprehensive Economic Partnership and expressed their willingness to sign it in 20
Nov. 5, 2019
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LS Cable, KEPCO commercialize superconducting cables
LS Cable & System and Korea Electric Power Corp. said Tuesday that they have for the first time in the world succeeded in commercializing superconducting cable technology thorough their joint projects. The commercial service has been launched in Yongin, Gyeonggi Province -- in a 1-kilometer section between Heungdeok substation and Singal substation Including LS Cable & System, five companies in Europe, Japan and the US have obtained superconducting cable technology so far, however the S
Nov. 5, 2019
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Golfzon opens 1st Zstrict in US
South Korea’s leading golf simulator maker, Golfzon, launched last week its first store in the US under its new brand Zstrict, as parts of its effort in expanding sports entertainment business in the country, the company said Tuesday.Located in Chelsea Piers, a sports complex in Connecticut, Zstrict offers tournament-type golf games that allow players to participate simultaneously against each other in numerous competitions for cash and rewards. With cash and rewards gained by comple
Nov. 5, 2019
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Samsung BioLogics, Ichnos Sciences eye W20tr atopic dermatitis market
Samsung BioLogics and US’ Ichnos Sciences inked a long-term agreement for the latter’s contract development of an atopic dermatitis treatment, the companies said Tuesday. This is a continuation of the 10 billion-won ($8.61 million) contract inked between the two in June 2018. For an additional 6.3 billion won, BioLogics will produce the drug substance for Ichnos’ atopic dermatitis treatment pipeline ISB 830 for clinical phase 3 trials and potentially manufacture for the global
Nov. 5, 2019
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S. Korean firms' sales, profit growth slows in 2018
Sales and profit of South Korean companies slowed down significantly in 2018 from a year earlier, though their financial stability improved slightly, a central bank report showed Tuesday, possibly indicating the start of economic headwinds that continue to haunt Asia's fourth-largest economy.In 2018, the combined sales of non-financial firms here rose 4 percent from the year before when the comparative figure jumped 9.2 percent on-year, according to the report from the Bank of Korea.Their averag
Nov. 5, 2019
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Korean version of ‘Las Vegas’ to emerge in Incheon
UNCASVILLE, Connecticut -- Incheon, home to South Korea’s largest international airport, is set to transform into a comprehensive entertainment zone representative of Northeast Asia, according to officials.A five-star hotel, an arena, convention facility, casino and theme park are being fast-tracked at the International Business Center of the airport. The Incheon International Airport Corp. said Tuesday that the integrated entertainment resort project -- the largest in Korea under the name
Nov. 5, 2019
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Imported car sales up 6.2 % in Oct., Japanese brands suffer extended slump
Imported car sales in South Korea rose 6.2 percent on-year last month helped by new models, but Japanese brands still struggled feeling the pinch of a boycott against Japanese goods amid trade tensions between Seoul and Tokyo, industry data showed Tuesday. The number of newly registered foreign vehicles rose to 22,101 units in October, up from 20,813 a year earlier. But Japanese vehicle sales plunged 58 percent to 1,977 from 4,756 during the same period, the Korea Automobile Importers & Dist
Nov. 5, 2019
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Samsung shuts down custom CPU development project in US
Samsung Electronics Co., the world's largest memory chipmaker, has stopped development work on its custom central processor unit cores at its R&D centers in the United States, company officials said Tuesday.Samsung has notified the Texas Workforce Commission of its decision to lay off about 290 members of the custom CPU core teams in Austin and San Jose as of Dec. 31, the Korean tech company said. Starting in 2012, the project has produced custom CPU cores for the Exynos series, its own mobi
Nov. 5, 2019
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Pharma experts throng Frankfurt for CPhI Worldwide 2019
FRANKFURT -- Celebrating its 30th anniversary, CPhI Worldwide 2019 is being held in Frankfurt, Germany, this week, with over 45,000 participants from the pharmaceutical industry.At the biggest global annual pharma event, participants will attend a three-day course from Tuesday on the latest medical solutions while getting a chance to network with peers. Presentation on the different pharma development and manufacturing processes, technology and products are scheduled at six subevents.In the main
Nov. 5, 2019
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15 countries, including Korea, to sign trade megadeal
Leaders from 15 Asia-Pacific countries, including South Korea, China, Japan, Australia and New Zealand, declared that they had reached agreement on all 20 chapters of a trade megadeal and expressed their willingness to sign it in 2020, officials said Monday. Called the Regional Comprehensive Economic Partnership, it is in essence a massive regional trade deal among the 10 members of the Association of Southeast Asian Nations and the six countries with which ASEAN has free trade agreements -
Nov. 4, 2019